USD/CHF stays offered below 0.9789 – Commerzbank

Pablo Piovano FXStreet

According to Axel Rudolph, Senior Analyst at Commerzbank, the pair’s stance remains offered while below 0.9789.

Key Quotes

“USD/CHF’s is back under pressure and nears the 61.8% Fibonacci retracement at .9524. Below it lie the February high at .9470 and the mid- and late March lows at .9434/25. Further down the 78.6% Fibonacci retracement can be spotted at .9376. Rallies should find initial resistance offered by the 200 day ma at .9735 and remain contained by the .9789 June low”.

“The market stays directly offered below .9789. Near term rallies will need to regain the .9856 28th June low in order to alleviate the downside bias which now prevails”.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

GBP/USD clings to daily gains near 1.3550

GBP/USD adds to Friday’s advance, briefly hitting three-month tops near 1.3570 before edging lower on Monday. Fading expectations of a Fed rate hike in September weigh on the Greenback, helping Cable to keep its bullish momentum ahead of the release of the UK jobs report on Tuesday.

EUR/USD: Gains appear capped by 1.1600

EUR/USD consolidates its daily gains well north of the 1.1500 hurdle following the closing bell on Wall Street on Monday. The pair’s multi-day bounce comes on the back of renewed selling pressure on the US Dollar investors continue to trim bets of Fed rate hikes. Moving forward, Germany’s ZEW prints are due on Tuesday alongside a slew of US hard data.

Gold bulls take a breather before the next push higher

Gold is retreating after hitting three-day highs just below $4,450 early Tuesday, and is flirting with $4,400 as of writing. Gold bulls take a breather following two consecutive days of gains, assessing the impact of the truce lapse between the United States (US) and Iran on Oil prices and US Treasury bond yields.

US Treasury seeks public comments on proposed rules implementation under GENIUS Act

The US Department of the Treasury is seeking public opinion on its proposed framework for implementing key provisions of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which establishes a regulatory framework for stablecoins.

Silver’s new era: Supply deficits meet exploding industrial demand

Silver has experienced a wild ride in 2026, but The Silver Institute President and CEO Michael DiRienzo says investors shouldn’t let the volatility obscure a much bigger story: the underlying silver market remains remarkably strong.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.